As the equities market seemingly put the banking sector crisis behind it, the sharp volatility of Deutsche Bank (DB) last Friday reminded investors that we may still be far from a substantive solution. Heading into the weekend, DB stock dropped a little over 3%. In the past five sessions, shares tumbled nearly 5%. And in the trailing month, they’re down almost 24%.
To be fair, the red ink that Deutsche Bank printed hardly compares to some of the negativity associated with troubled U.S. regional banks. Most notably, First Republic Bank (FRC) fell more than 33% in the trailing one-week period. And in the past month, it dropped a catastrophically horrific 89.86%. In terms of lifetime performance, FRC hemorrhaged nearly 55%.
